Balance Transfer Calculator
Compare your current loan EMI with the best bank rates. See how much you save by transferring your home loan or LAP to a lower-rate lender.
₹
₹1,00,000₹5,00,00,000
%
6%18%
%
6%18%
yrs
1 yrs30 yrs
%
0%2%
New Total (92.9%)
Your Savings (7.1%)
Current EMI
₹36,548
New EMI
₹33,955
EMI Savings/mo
₹2,593
Total Savings
₹4.67 L
Processing Fee
₹17,500
Net Savings
₹4.49 L
Break-even
7 months
Current Total
₹65.79 L
Bank-wise Comparison (Home Loan)
| Bank | Rate | New EMI | Monthly Saving |
|---|---|---|---|
| SBI | 8.25% | ₹33,955 | ₹2,593 |
| Bank of Baroda | 8.3% | ₹34,057 | ₹2,491 |
| PNB | 8.4% | ₹34,261 | ₹2,287 |
| HDFC | 8.5% | ₹34,466 | ₹2,082 |
| ICICI | 8.55% | ₹34,569 | ₹1,979 |
| Axis | 8.6% | ₹34,671 | ₹1,877 |
Pro Tips
- - Ask for a pre-closure certificate and NOC from your current bank
- - Some banks waive the processing fee for balance transfers
- - CIBIL score 750+ qualifies for the lowest rate tier
- - Combine BT with a top-up loan to fund renovation or interiors
- - Prepayment penalty (if any) from the old bank adds to switching cost
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